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Business News
Student loan rates set to reach 16-year high: 'It's a shock'
The move could add thousands to a borrower's total payments, one expert said.
May 09, 2024Rise of the superfake: Hermès Birkins, Louis Vuitton brands being copied flawlessly
Counterfeit purses have been flooding the market for several decades.
April 29, 2024
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2 hours ago
Hedge fund operators go on trial after multibillion-dollar Archegos collapse
A federal fraud trial has begun for the owner and chief financial officer of a hedge fund that collapsed
2 hours ago
2 hours ago
Greece's prime minister in Turkey for talks as the regional rivals seek to improve relations
Greece's leader has arrived in Turkey's capital for talks with President Recep Tayyip Erdogan as the countries pursue a normalization program and seek to put aside decades-old disputes
2 hours ago
3 hours ago
Microsoft pledges $4.3 billion investment at Macron’s ‘Choose France’ summit
Microsoft has announced its most substantial commitment yet to France
3 hours ago
4 hours ago
Roaring Kitty is back and so are meme stocks, GameStop and AMC surge at the opening bell
The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight
4 hours ago
May 13
Are US interest rates high enough to beat inflation? The Fed will take its time to find out
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year
May 13
May 13
Software company Squarespace being taken private by Permira in $6.9 billion deal
Software company Squarespace is being taken private in an approximately $6.9 billion all-cash deal with private equity firm Permira
May 13
May 13
Apple Store employees in Maryland vote to authorize a first strike
The vote followed what the union called “over a year of negotiations."
May 13
May 13
US company Booking Holdings added to European Union's list of for strict digital scrutiny
Booking Holdings, the U.S. company that owns Booking
May 13
May 13
Amazon's self-driving robotaxi unit Zoox under investigation by US after 2 rear-end crashes
Amazon’s self-driving robotaxi unit is being investigated by the U.S. government’s highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists
May 13
May 13
Japan's SoftBank Group trims investment losses but remains in red for fiscal year
Japanese technology company SoftBank Group says it trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as investment losses declined
May 13
May 13
Illness took away her voice. AI created a replica she carries in her phone
Artificial intelligence voice-cloning technology carries so many risks of harmful impersonation that major technology companies are wary of letting people use it
May 13
May 13
Australian judge lifts court ban on X showing video of Sydney church stabbing
An Australian judge has lifted a ban on the social media platform X showing Australians a video of a bishop being stabbed in a Sydney church
May 13
May 13
Long-haul carrier Emirates sees $4.7 billion profit in 2023
The long-haul carrier Emirates says it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations
May 13
May 13
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling
May 13
May 13
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
A tiny, low-priced electric vehicle called the Seagull has American automakers and politicians trembling
May 13
May 13
Stock market today: Wall Street drifts around the edge of its record
U.S. stocks are drifting around the edge of their record heights
May 13
May 13
Vast coin collection of Danish magnate is going on sale a century after his death
The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million
May 13
May 13
Sen. Bob Menendez's corruption trial begins, his second in the last decade
The corruption trial of Sen. Bob Menendez has begun in Manhattan federal court as dozens of prospective jurors were told about the case
May 13
May 12
Apple Store employees in Maryland vote to authorize a first strike over working conditions
The vote followed what the union called “over a year of negotiations."
May 12
May 12
Hotel union workers end strike against Virgin Hotels Las Vegas
The largest labor union in Nevada has ended a planned 48-hour strike meant to pressure Virgin Hotels Las Vegas to agree to a five-year contract on wages and benefits
May 12
May 12
Commuter rail service in Spain disrupted by theft of copper cables near Barcelona
Spanish rail authorities say commuter rail service serving Barcelona and northeastern Spain has suffered major disruption because of the theft of copper cables from a train installation
May 12
May 12
Rebels kill at least 4 people during an attack on a Central African Republic mining town
Authorities say that anti-government rebels in the Central African Republic have carried out an attack in a village known for gold mining
May 12
May 12
A police officer was killed in Pakistan-held Kashmir during protests against price hikes
A protest against rising costs of food, fuel and utility bills has turned violent in Pakistani-controlled portion of Kashmir, leaving a police officer dead and dozens of people injured
May 12
May 12
A fire burns down a shopping complex housing 1,400 outlets in Poland's capital
A major fire broke out in a vast shopping complex in the Polish capital that housed some 1,400 shops and service outlets
May 12
May 12
Schools turn to artificial intelligence to spot guns as companies press lawmakers for state funds
Schools across the U.S. are increasingly turning to artificial intelligence and video cameras to spot guns
May 12
May 12
Lithuanians vote in a presidential election as anxieties rise over Russia and the war in Ukraine
Lithuanians have voted in a presidential election at a time when Russian gains on the battlefield in Ukraine are fueling greater fears about Moscow’s intentions
May 12
May 11
A'ja Wilson and Nike announce the Las Vegas Aces star is getting a signature shoe
Two-time WNBA MVP A’ja Wilson is getting a Nike signature shoe
May 11
May 11
Marc Benioff lunch auction raises $1.5M for charity. Not bad for first year without Warren Buffett
The $200,100 winning bid for a private lunch with software titan Marc Benioff might appear disappointing at first glance after years of multimillion-dollar bids for a private meal with investor Warren Buffett
May 11
May 11
New Mexico governor seeks hydrogen investment with trip to Netherlands
The governor of New Mexico has announced plans to court new investments in hydrogen fuel development at a business summit in the Netherlands over the coming week
May 11
May 11
Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper
May 11
May 11
Home prices are soaring. Is this another bubble?
"It's a strange market that seems like an anomaly," one expert said.
May 11
May 11
They made one-of-a-kind quilts that captured the public's imagination. Then Target came along
Over the past two decades, Gee’s Bend quilts have captured the public’s imagination with their kaleidoscopic colors and their daring geometric patterns
May 11
May 11
Red, yellow, green ... and white? Smarter vehicles could mean big changes for the traffic light
Smarter vehicles could mean some of the most dramatic changes for the traditional traffic signal since the yellow light was added more than a century ago
May 11
May 11
The United Auto Workers faces a key test in the South with upcoming vote at Alabama Mercedes plant
The United Auto Workers is aiming for a key victory at Mercedes-Benz in Alabama
May 11
May 11
America's debt tops $34 trillion, but commission to address it looks dead in Congress
A promising start has given way to challenging political realities for supporters of a bipartisan commission to tackle the federal government’s growing debt challenges
May 11
May 10
Federal judge temporarily halts Biden plan to lower credit card late fees to $8
A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards to $8 that was slated to go into effect next week
May 10
May 10
WABC Radio suspends Rudy Giuliani for flouting ban on discussing discredited 2020 election claims
Rudy Giuliani has been suspended from WABC Radio and his daily show canceled over his violation of a ban on discussing discredited 2020 election claims
May 10
May 10
Kansas' governor has killed proposed limits on foreign land ownership
Democratic Gov. Laura Kelly has vetoed proposed restrictions on foreign ownership of land in Kansas
May 10
May 10
James Simons, mathematician, philanthropist and hedge fund founder, has died
James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation’s biggest philanthropists, has died at age 86
May 10
May 10
Legal Marijuana Now Party loses major status with Minnesota Supreme Court ruling
The Minnesota Supreme Court on Friday booted the Legal Marijuana Now Party as a major political party in the state
May 10
May 10
US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say
The Biden administration is planning to announce new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China
May 10
May 10
Specialty lab exec gets 10-year prison term for 11 deaths from tainted steroids in Michigan
A Michigan judge has sentenced the former executive of a Massachusetts specialty pharmacy to at least 10 years in prison for the deaths of 11 people in 2012
May 10
May 10
Teen and Miss USA quit their crowns, citing mental health and personal values
The winners of Miss USA and Miss Teen USA resigned from their titles within days of each other
May 10
May 10
Tesla’s Autopilot caused a fiery crash into a tree, killing a Colorado man, lawsuit says
The widow of a man who died after his Tesla veered off the road while he was using its partially automated driving system is suing the carmaker
May 10
May 10
Some older Americans splurge to keep homes accessible while others struggle to make safety upgrades
Living at home as long as possible is preferred by a vast majority of adults over 50
May 10
May 10
Are US interest rates high enough to beat inflation? Fed will take time to find out
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year
May 10
May 10
Tips to make a house or apartment safe and accessible for older adults living at home
With a majority of Americans preferring to live in their own homes as long as possible, experts stress the importance of modifications to keep dwellings safe and accessible
May 10
May 10
How major US stock indexes fared Friday, 5/10/2024
U.S. stocks coasted to the close of another winning week with a quiet, mixed finish
May 10
May 10
More US parents than ever have paid leave this Mother's Day - but most still don't
More working U.S. parents than ever are celebrating their first Mother’s Day with hard-fought access to paid time off to care for newborns
May 10
May 10
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell $1 to $78.26 per barrel Friday
May 10